The Primary Benefit That Results When a Nation Employs Its

question 80

Multiple Choice

The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is

• A) an expansion in investment resulting from a reallocation of resources away from consumption.
• B) a larger output resulting from a more efficient use of resources.
• C) greater equality of income resulting from an increase in the number of workers.
• D) an increase in the profitability of business enterprises resulting from an increase in investment.

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Definitions:

Assessment

The systematic evaluation or measurement of an individual's abilities, characteristics, or performance.

Appraisal

The evaluation or assessment of something's value, quality, or condition, often conducted by a professional.

Evaluation

The systematic process of determining the merit, worth, or value of something, often for purposes of decision-making.

Education Act

Legislation that governs the education system within a specific jurisdiction, setting out the rights and responsibilities of students, teachers, and other stakeholders.